LAD vs THO: Correlation
Lithia Motors, Inc. (LAD) and Thor Industries, Inc. (THO) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAD and THO?
On 3 years of weekly data the LAD/THO correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 775.9 %².
Within LAD's tracked universe of 15 assets, THO comes in at #5 by 3-year correlation. The last year tells two different stories: LAD led by 39.2 percentage points, +10.0% for LAD against -29.2% for THO.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
LAD vs THO: side by side
| LAD (Lithia Motors, Inc.) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | +10.0% | -29.2% |
| 5-year return | +17.3% | -26.9% |
| Volatility (ann.) | 35.4% | 37.1% |
| Beta vs S&P 500 | 1.11 | 1.19 |
| Max drawdown (3Y) | -37.8% | -48.4% |
| Market cap | $8.2B | $4.0B |
| P/E (trailing) | 12.3 | 15.4 |
| Dividend yield | 0.64% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAD | THO |
|---|---|---|
| 2022 | -30.6% | -25.6% |
| 2023 | +62.0% | +59.8% |
| 2024 | +9.3% | -17.9% |
| 2025 | -6.3% | +9.7% |
| 2026 | +12.3% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAD and THO good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LAD and THO?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.51 over the last year and 0.57 over 5 years.
Is THO a good diversifier for LAD?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LAD correlations · THO correlations
